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Jul 22, 2011
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if there is a deal, no deal, a big deal. everyone is shooting a deal down. what is happening as we're 12 days from the debt ceiling deadline. bring in panel. jonah goldberg. mara liasson of national public radio. and sindcated columnist charles krauthammer. mara? do we have any clarity? >> well, we know there was a all right of deal and it upset the democrats. nothing was decided until everything was decided and the report of the new iteration of the grand bargain that spending cut are front loaded and the revenues would be back loaded and tied in to tax reform in some way. democrats were unhappy. not unlike you saw republicans kind of freak out when they thought there would be a deal with the tax hikes in it. they're up at the white house talking to the president to make sure he means what he says when he said there would be a balanced -- he would incyst on a balanced deal. something like tax hike. spending cuts. now, i think from what i learn today, the elements that they are working with are the same as they have been working with all along. the problems
if there is a deal, no deal, a big deal. everyone is shooting a deal down. what is happening as we're 12 days from the debt ceiling deadline. bring in panel. jonah goldberg. mara liasson of national public radio. and sindcated columnist charles krauthammer. mara? do we have any clarity? >> well, we know there was a all right of deal and it upset the democrats. nothing was decided until everything was decided and the report of the new iteration of the grand bargain that spending cut are...
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Jul 19, 2011
07/11
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they are talking to the big problem. take a listen to this. >> so many people talk about doing this. with $2 trillion of deficit reduction. this is not a solution. that is not going to fool our creditors. >> everyone else is talking about $2 trillion. it doesn't pay the interest in next ten years. >> tom coburn coming up with his own plan, entitled back in black. here is some of it re deuce the size of government 20 to 25%. balance the budget in ten years. $3 trillion from entite #alment reformat, $1 trillion from the tax code reform, $1 trillion in saved interest costs. adding up to $9 trillion total and says it's specific the plan. conrad late today responding this is a bit too much. what about this? >> the interesting thing is the perspective from the debate, this won't pass congress is it puts revenue on the table. not many republicans are willing to do that. democrats will go back to that and say even tom coburn is willing to do it. >> bret: the tax code is restretchtureed and close it down. the republicans haven't
they are talking to the big problem. take a listen to this. >> so many people talk about doing this. with $2 trillion of deficit reduction. this is not a solution. that is not going to fool our creditors. >> everyone else is talking about $2 trillion. it doesn't pay the interest in next ten years. >> tom coburn coming up with his own plan, entitled back in black. here is some of it re deuce the size of government 20 to 25%. balance the budget in ten years. $3 trillion from...
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Jul 27, 2011
07/11
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big in many ways is just as harded as doing something small. we've said we could fall short of that goal. it may not be achievable. we could in the aftermath fight for something significant and tax and entitlement reform. and we would set something out as long as it ensures that the cloud hanging over the economy is removed and that we lift the debt selling for a substantial period of time to make sure, the uncertainty that that creates doesn't continue to stay with us and that it still achiefs significant deficit reduction. that's not an ideal outcome, but this president made it clear he's not holding out for perfections, and he understands that no party to these negotiations will get everything he or she wants. >> bret: you say the president still thinks it's possible. why then did four months ago, did you say this. >> we believe we should move quickly to raise the debt limit and-- >> a clean bill is without tax revenues or anything, it's not big at all. >> bret, you know, that certainly the link between raising a debt ceiling and a deficit r
big in many ways is just as harded as doing something small. we've said we could fall short of that goal. it may not be achievable. we could in the aftermath fight for something significant and tax and entitlement reform. and we would set something out as long as it ensures that the cloud hanging over the economy is removed and that we lift the debt selling for a substantial period of time to make sure, the uncertainty that that creates doesn't continue to stay with us and that it still achiefs...
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Jul 26, 2011
07/11
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the big unresolved issue is revenue. pretty much any neutral observer says the only way to get significant debt reduction is through tax reform to make sure the wealthiest americans through elimination of deductions and loopholes participate. in the short term in the next book we are not going to do entitlement or tax reform. the question is, either of them would reduce spending significantly. good down payment on the deficit. are we going to have this debt ceiling hanging over us five, six months from now? >> greta: let me ask you about the tax code reform. the simpson-bowles commission said 3300 tax hoop locals, earmarks in the tax code -- loopholes earmarks in the tax code. it didn't get passed over to congress. the president could have adopted that. why didn't the president seize upon that and said let's get rid of those 3300? ' adopted a lot of simpson-bowles commission in the budget framework he laid out in the spring. a lot of the negotiations that took place with the speaker. the president and speaker were agreei
the big unresolved issue is revenue. pretty much any neutral observer says the only way to get significant debt reduction is through tax reform to make sure the wealthiest americans through elimination of deductions and loopholes participate. in the short term in the next book we are not going to do entitlement or tax reform. the question is, either of them would reduce spending significantly. good down payment on the deficit. are we going to have this debt ceiling hanging over us five, six...
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Jul 28, 2011
07/11
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that was a big -- that was a big moment for him. i think right now we're at a point much like we were with -- before the government -- almost government shutdown a few months ago, where you have boehner and harry reid, who is a deal-maker, don't forget, and reid actually, despite that shot across the bow today by the 53 senators, harry reid is a deal-maker. he doesn't have taxes in that plan that he has. they both -- both those figures emerged pre-- you know, during the budget battle that led to the -- that forestalled the government shutdown. they emerged as the major figures there. i think that's what we'll see. we'll see those two emerge, a deal eventually go to the white house. if this white house really thinks this is a catastrophe waiting to happen, it's going to have to deal with it. >> bret: charles, they may say in this letter that this deal won't pass the senate, but you have a number of democrats who are up for re-election from red-leaning states, who would have to vote on the boehner plan, that by numbers is not that dif
that was a big -- that was a big moment for him. i think right now we're at a point much like we were with -- before the government -- almost government shutdown a few months ago, where you have boehner and harry reid, who is a deal-maker, don't forget, and reid actually, despite that shot across the bow today by the 53 senators, harry reid is a deal-maker. he doesn't have taxes in that plan that he has. they both -- both those figures emerged pre-- you know, during the budget battle that led...
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Jul 28, 2011
07/11
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that's a big sticking point. there are things called triggers which would -- you know, if people walked away from these committees, they're supposed to find more savings, without getting too into those details, there are sticking points, but there are ongoing discussions about getting to something before tuesday. those are involved -- some of the members of the gang of six are involved in those discussions. scenario durbin of illinois, senator chambliss, others are involved, and so are the senate minority leader and majority leader. i don't think we'll see -- if we see this projection in the senate tonight -- rejection in the senate tonight, i don't think we'll see anymore tonight. hopefully over the weekend they cobble something together. >> this is one of the arguments that john boehner is making right now. this is why this needs to pass. if this doesn't pass we're not in the conversation anymore. we are silent. if this passes, then you can imagine some kind of a compromise along the lines of what a.b. is talki
that's a big sticking point. there are things called triggers which would -- you know, if people walked away from these committees, they're supposed to find more savings, without getting too into those details, there are sticking points, but there are ongoing discussions about getting to something before tuesday. those are involved -- some of the members of the gang of six are involved in those discussions. scenario durbin of illinois, senator chambliss, others are involved, and so are the...
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Jul 21, 2011
07/11
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that is a big question. and a big liability on the democratic side. as well as republican hesitation. about giving in to triggers down the road. that would change some of tax plans. tax rates would be lowered on individuals and corporations. but you have to trust that the cuts would actually take place. >> bret: i mean here we go again. we have been down this road before, steve. figuring out what exactly is in the piece of legislation. >> it was six pages yesterday. it doesn't have details. that's a reason to be skeptical of it until we see what is in it. i think we're at a pretty crucial point in this entire discussion. i think we are at a point where i hate to agree with juan about where "cut, cap and balance" is going. >> i thought you were going to say ever. >> i do hate to agree with juan ever, although he did say that raising taxes was a negative. if i'm not. >> yes. especially for. >> that was. >> that's the truth. i tell you the truth. >> we're in a big moment. "cut, cap and balance," i like "cut, cap and balance" on substance. i agree it is n
that is a big question. and a big liability on the democratic side. as well as republican hesitation. about giving in to triggers down the road. that would change some of tax plans. tax rates would be lowered on individuals and corporations. but you have to trust that the cuts would actually take place. >> bret: i mean here we go again. we have been down this road before, steve. figuring out what exactly is in the piece of legislation. >> it was six pages yesterday. it doesn't have...
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Jul 16, 2011
07/11
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and why the big 5-0 might not be a big birthday bash for the president. @@ my bills are going through the roof. do you know, my medical costs have gone up so much, i can't even afford my prescriptions anymore. you wouldn't leave your grandmother all alone. and i just found out my rent is going up again. yet millions of seniors are on their own, struggling to make ends meet. you should see my utility bills. expenses are soaring. costs are skyrocketing. and don't get me started on the prices at the grocery. but social security checks are too low to help seniors keep up with inflation. i don't think anybody even cares about me anymore. there is hope. the senior citizens league, a nonpartisan group more than one million seniors strong, is fighting for better social security and medicare benefits. for more information, call 1-800-333-8725 or visit www.seniorsleague.org. the senior citizens league. you're not alone. ♪ ♪ >> bret: now some fresh pickings from the political grapevine. president ba obama has another incentive to get the debt ceiling deal done. his 50th birthday fundraisers
and why the big 5-0 might not be a big birthday bash for the president. @@ my bills are going through the roof. do you know, my medical costs have gone up so much, i can't even afford my prescriptions anymore. you wouldn't leave your grandmother all alone. and i just found out my rent is going up again. yet millions of seniors are on their own, struggling to make ends meet. you should see my utility bills. expenses are soaring. costs are skyrocketing. and don't get me started on the prices at...
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Jul 30, 2011
07/11
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the deficit is too big. we are not using the right baseline because we are assuming 8% increases every year as far as the eye can see and what bothers me in all of this, karl, is that the tea party's attack, "wall street journal," nro, weekly standard, they are called hob bits, senator mix cane mccain, it iss compromise mentality that gave us this debt and the tea party by -- this is what they said what they wanted from the elected officials they are standing on a principle. when did it become a bad thing to stand on your principles? >> i think you are right but let's remember this is about the debt ceiling that is part of but in some ways separate from the broader question of the deficit. and we have turned the debt ceiling into a welcome opportunity to do something about the deficit but we shouldn't expect to get everything done on this debt ceiling vote that needs to be done on the deficit because some involves deep structural reforms that ought to be discussed and debated for the good of the country. >>
the deficit is too big. we are not using the right baseline because we are assuming 8% increases every year as far as the eye can see and what bothers me in all of this, karl, is that the tea party's attack, "wall street journal," nro, weekly standard, they are called hob bits, senator mix cane mccain, it iss compromise mentality that gave us this debt and the tea party by -- this is what they said what they wanted from the elected officials they are standing on a principle. when did...
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Jul 29, 2011
07/11
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these are big ifs. boy say none of the guys ran on the balanced budget amendment or did run on not playing micks. politics is another word for compromise in deal making and none of the new members has interest in compromise ordeal making. >> greta: the tweak tonight is a tougher tweak. it adheres to the side of the conservative and inflexible conservatives, right? >> sure. >> greta: goits to the senate. you say it gets ping ponged and tweaked again, it gets watered down. >> yes. correct. >> greta: that is when people goring to be unhappy. >> here is what reid and mcconnell would do. find a way to adjust the bill so you can get votes to get over 60 votes, and send it back to the house, now with democrats having voted for it, you can get democratic votes in the house. and boehner still needs to get a majority of the conference but there is more flexibility there. >> so he's going to lose more there because you can pick up democrats because of the changed bill? >> yes. there are a lot of republicans and i
these are big ifs. boy say none of the guys ran on the balanced budget amendment or did run on not playing micks. politics is another word for compromise in deal making and none of the new members has interest in compromise ordeal making. >> greta: the tweak tonight is a tougher tweak. it adheres to the side of the conservative and inflexible conservatives, right? >> sure. >> greta: goits to the senate. you say it gets ping ponged and tweaked again, it gets watered down....
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Jul 23, 2011
07/11
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workingf late this is a big story. david, i know a lot has been coming out since the president and john boehner spoke earlier w headed. what are you hearing? >> both sides, both the speaker's office and the white house were dueling in terms of the numbers and the framework and who was backing off this and pushing for that. although it may sound counterintuitive, the fact that the speaker wants to take this to the congress' level, negotiate with reid and other congressional leaders on both sides of the aisle might help this. they can figure out together where the votes are try and get something through each house and get it to the president. at this poin^ anything the president gets he will sign. i originally thought it was best to have the president in the room, because he could give the democrats cover and direct them as to where he wanted them to go. for whatever reason it doesn't appear to have worked. you might as well do the it now and not have a middleman who going to vote for what. >> that's really interesting.
workingf late this is a big story. david, i know a lot has been coming out since the president and john boehner spoke earlier w headed. what are you hearing? >> both sides, both the speaker's office and the white house were dueling in terms of the numbers and the framework and who was backing off this and pushing for that. although it may sound counterintuitive, the fact that the speaker wants to take this to the congress' level, negotiate with reid and other congressional leaders on...
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Jul 29, 2011
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they think in the long run it will be effective in a big debate like this. bret? >> bret: ed, thank you. stocks were again down today to close what was the worst week in a year. the dow dropped 97, the s&p 500 gave back 8 1/3, the nasdaq dropped 10. fuel to the fire in the debt ceiling debate. peter barnes breaks down the number. >> high gas prices and weak income gains for workers have the economy growing at its slowest six-month pace since the economic recovery began early last year. the government said today that gdp grew at just a 1.3% annual rate in the second quarter, well below expectations. but the shocker was a huge downward revision of the number for the first quarter. growth originally clocked in at 1.9%, but now the government says it grew at just .4 of a president. for the president, the numbers were too bad to ignore, even as he pressured republicans to cut a deal with him on the debt ceiling to help the economy. >> on a day when we've been reminded how fragile the economy already is, this is one burden we can lift ourselves. we can end it with a sim
they think in the long run it will be effective in a big debate like this. bret? >> bret: ed, thank you. stocks were again down today to close what was the worst week in a year. the dow dropped 97, the s&p 500 gave back 8 1/3, the nasdaq dropped 10. fuel to the fire in the debt ceiling debate. peter barnes breaks down the number. >> high gas prices and weak income gains for workers have the economy growing at its slowest six-month pace since the economic recovery began early...
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Jul 25, 2011
07/11
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. >> big difference between talking and getting stuff done. and i get stuff done. >> it's the latest chantner the rivalry of the two minnesota candidates for the republican presidential nomination, which boiled over yesterday, with pawlenty having spent almost two weeks saying bachmann has no congressional accomplishments to speak of, bachmann had enough. in a sunday statement, she fired back saying "i've fought against irresponsible spending while governor pawlenty was leading a multimillion dollar budget mess in minnesota." later the bachmann campaign added on healthcare mandates, climate change and wall street bail-outs there's very little daylight between governor pawlenty's record and the obama administration's." this back and forth comes with pawlenty still trailing bachmann in the polls. for bachmann, the verbal sparring seems to come with at least some risk. it will likely draw even more attention to the iowa straw poll, less than three weeks away, and pawlenty seems to have the advantage of a larger, deeper iowa organization. the stra
. >> big difference between talking and getting stuff done. and i get stuff done. >> it's the latest chantner the rivalry of the two minnesota candidates for the republican presidential nomination, which boiled over yesterday, with pawlenty having spent almost two weeks saying bachmann has no congressional accomplishments to speak of, bachmann had enough. in a sunday statement, she fired back saying "i've fought against irresponsible spending while governor pawlenty was leading...
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Jul 19, 2011
07/11
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discreet, little tubes packed with big relief. from the brand doctors recommend most by name. new preparation h totables. the anywhere preparation h. >> bret: members of the so-called bipartisan gang of six today stood before a group of their fellow senators briefing them on the work they've done so far toward a debt deal. idaho senator mike crapo is one of them. he joins us here in studio. good evening, senator. >> good evening. >> bret: let's start first of all with a broad overview and the reaction to it on capitol hill today. >> we had a positive reaction. we had 50 senators probably equally divided among the republicans and democrats. overall, i would say it's much more positive than i expected. that is a good sign. the overview is this is a comprehensive that i say really a shift in the american fiscal policy dynamics. much broader than a debt ceiling battle we're having. we have haven't brought it out as the debt ceiling battle. this is an effort to deal with the debt crisis. we put everything on the table. which means we are looking at a 3-1/2 to $4.5 trillion bill whi
discreet, little tubes packed with big relief. from the brand doctors recommend most by name. new preparation h totables. the anywhere preparation h. >> bret: members of the so-called bipartisan gang of six today stood before a group of their fellow senators briefing them on the work they've done so far toward a debt deal. idaho senator mike crapo is one of them. he joins us here in studio. good evening, senator. >> good evening. >> bret: let's start first of all with a broad...